On September 22, LONGSYS rose 3.24% in regular trading, trading at HK$196.8/share, with turnover of HK$29.16 million. The stock's gain follows the company's announcement that it has fully completed its share buyback plan ahead of schedule.

According to the latest disclosure, LONGSYS repurchased a cumulative 2.29 million A-shares through its dedicated buyback securities account via centralized bidding between September 8 and September 18, accounting for 0.53% of total A-share capital. The highest transaction price was RMB 365.38 per share and the lowest was RMB 328.04, with total consideration of approximately RMB 8 billion including transaction fees — hitting the upper limit of its RMB 4-8 billion buyback plan in just 11 trading days. The repurchased shares are intended for equity incentive or employee stock ownership plans.

Additionally, the Ministry of Industry and Information Technology and the National Development and Reform Commission recently jointly issued a development plan explicitly promoting advanced storage capabilities, benefiting LONGSYS as a leading domestic storage module company whose enterprise storage segment surged 208.8% year-over-year in the first half. The swift completion of the maximum buyback amount, combined with supportive industrial policy, provides repair momentum for the stock, which still trades at a notable discount to its HK$236 IPO price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)